MBS Recap: Supportive Technicals In Headline-Free Week

Last week the markets got what has been a rare reprieve so far this year, a break from any market-moving headlines.

This was because economic news was light and primarily consisted of housing-related news, Congress was on a mini-break, while Greece was in the process of finalizing a deal to receive its next bailout installment. As a result, Treasury prices held to a relatively narrow range.

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